NIBEC Co. Ltd. (KOSDAQ:A138610) announced a private placement of fourth unregistered unsecured unguaranteed private convertible bonds for gross proceeds of KRW 6,000,000,000 on March 30, 2016. The bonds will be issued at par.

The bonds will mature on March 21, 2021, with lump-sum redemption of principal on maturity date. The bonds will have a yield to maturity of 4%, and a coupon rate of 0%. The bonds will be convertible into common shares of the company at a rate of 100% and at a fixed conversion price of KRW 10,707 per share from March 31, 2017 to February 28, 2021.

The transaction will include participation from five investors including, Hyundai Youth Fund 1, Hyundai Venture Investment Corp., and Snowball Investment Fund 2 for KRW 1,500,000,000 each.